What kind of advice should I give my brother who has over 3 million from working for Intel and taking in all stock options. He does not want to work anymore, he is 45, single and feels he could live off of 60,000 a year quite comfortably. Where should I direct him so the "wise men" will not take his money? Yes, his money is still in Intell which I would think some diversity would be quite foolish. Hugh

Check out the Safe Withdrawal Rate Calculator at the Retire Early Home Page, see link:

A $60,000 per year inflation adjusted withdrawal from a $3 million portfolio is only a 2% draw -- that's conservative by any calculation. Having all your eggs in one basket (Intel stock) may be a concern. You may also want to look at "Safe Withdrawal Rates for Concentrated Portfolios", see link:

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